Indexes
April 03, 2017 Kh-Index | Seasonal decline of khachapuri price
03
April
2017
In March 2017, the average cost of cooking one standard Imeretian khachapuri dropped to 3.41GEL, which is 6.9% lower month-on-month (compared to February 2017), and 4.1% higher year-on-year (compared to March 2016).
In general, at this time of the year (beginning as early as February), we observe the start of a seasonal reduction in the price of khachapuri, driven by the seasonal decline in milk prices. According to Khachapuri Index data from recent years, this downward trend continues from February until late June, and sometimes even through July. The Khachapuri Index data from 2012 through 2017, confirms this same trend every year.
Research on the Georgian dairy sector reflects that in spring and summer, farm gate price ranges from 0.50 GEL to 0.70 GEL per liter of milk, while from September till January, prices go up to around 1.00 GEL. This very high seasonal fluctuation in milk prices is caused by the current underdeveloped structure of the Georgian dairy sector. A large number of small dairy cattle farmers have very low-producing cows and mainly rely on grass for feeding. Only a small number of medium-sized and big cattle farms, with high-yield breeds and modern feeding technologies, are able to supply milk throughout the entire year, including the winter period.
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May 2024 | Khachapuri Index's downward trend continues
28
May
2024
The average cost of cooking one standard portion of Imeretian khachapuri was 5.83 GEL in May 2024. Continuing the month-on-month downward trend, the price of khachapuri fell by 6.5% compared to April 2024.
April 2024 | Khachapuri Index marks its second consecutive monthly decline
30
April
2024
In April 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.24 GEL, marking a 4.0% increase from April 2023. However, on a month-to-month basis, the price of a single khachapuri decreased by -2.4% compared to March 2024.
March 2024 | Beginning of seasonal drop in Khachapuri Index
01
April
2024
In March 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.40GEL. This latest average price marks a -1.8% decrease compared to March 2023. Additionally, in month-to-month developments, the price of khachapuri decreased by -6.4% compared to the previous month (February 2024).
February 2024 | The Khachapuri Index increases by 3.3%
04
March
2024
In February 2024, the average cost of cooking one standard portion of Imeretian khachapuri stood at 6.83 GEL, marking a 3.3% increase compared to the previous month. However, in a year-to-year comparison, the price of khachapuri decreased by 1.5% compared to February 2023.
January 2024 | Khachapuri Index continues its upward trend
29
January
2024
In January 2024, the average monthly cost of preparing one standard portion of Imeretian khachapuri increased, ranging between 6.40 GEL (Batumi) and 7.11 GEL (Tbilisi), with an overall average cost of 6.62 GEL. This recent average indicates a 2% increase compared to the preceding month of December 2023. While examining year-to-year trends, the current price of khachapuri is 4.6% lower than in January 2023.
